Manzil Investment Advisors, a subsidiary of Manzil, a Canadian Islamic fintech startup, has recently announced the launch of its new digital platform, Manzil Invest USA, in collaboration with Alpaca.

Straightforward Sharia-compliant Investments for American Muslims

Through this strategic partnership, Alpaca, a self-clearing broker-dealer and brokerage infrastructure API offering Shariah-compliant financial products, enables Manzil Investment Advisors to provide tailored investment solutions specifically designed for the American Muslim community. The platform now offers a range of pre-determined halal investment strategies, enhancing Manzil’s mission to optimize investing and saving for Muslims across North America.

The newly launched digital platform is currently available on both the Apple App Store and Google Play Store.

Streamlining Investment Experience

Manzil seeks to simplify the investment process by offering managed and diversified portfolios that align with customers’ investment goals and risk tolerance. All securities are pre-screened by Manzil, adhering to AAOIFI standards and filtered through AFSC criteria for compliance with Islamic and ethical investing principles.

The platform also includes educational resources to help users make informed financial decisions and plan for their future. This move addresses the current market demand, as many American Muslims feel excluded from traditional financial tools and opportunities. Manzil aimed to meet this need by providing a tool that aligns with customers’ beliefs while facilitating effective financial management.

Supporting Financial Inclusion

Alpaca’s officials highlighted the importance of their collaboration in promoting financial advancement and accessibility. The company plans to support Manzil’s goal of inclusive finance by providing the necessary infrastructure to deliver Shariah-compliant investment opportunities for Muslims in the U.S.